Gurgaon based realtor, Avalon group is planning to invest Rs.400 crore for four of its new projects comprising of 3000 apartments on the whole in Northern India. These projects will be covered in areas of Bhiwadi, Dharuhera and Vrindavan over a span of three years.

Avalon Group

There will be 800 units available at Dharuhera, one project at Vrindavan and two of them will be in Bhiwadi comprising of 2100 units on the whole. One of the officials said that ‘Karishma Kapoor’ will be the brand ambassador for the company and price range will be between Rs.10-40 lakhs.

Majority of the initial investment is through advances from the customers and it seems that company also has 200 acres of land in Rajasthan and Haryana for future projects. “One project in Bhiwadi is already completed and delivery has been started; the other one is in progress simultaneously,” the official stated.